11/24 Tom Becket, chief investment officer, Psigma Investment Management
New normal: The new normal of subdued returns has become a saying to justify insipid performance. The financial industry may peddle this, but clients won’t buy it and expectations remain higher. Just as investors start to believe in a “new normal” we believe that portfolio returns, driven by equities, might be about to get more impressive. The stage might be set for a new equity bull market, to send the “new normalists” back to the drawing board

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